Bca Marketplace Share Discussion Threads

[porsche1945] 23/10/2018 16:48

Bet that scumbag Palmer Banacle glad she sold out when she did, these heading back to 1.25. Pigs trough for management, everything that is wrong with UK corporate governance, same thing as Persimmon.

[tonysss13] 24/9/2018 12:47

Avril Palmer-Baunack dumped 5m shares

[poikka] 08/9/2018 08:57

Ah yes, so it was.

[liquidkid] 07/9/2018 13:12

The Times article on payout is from 2017

'An incentive plan drawn up when the company, then a cash shell called
Haversham Holdings, first listed at the end of 2014.'
From then BCA had to do a backdoor listing reverse takeover on to AIM after the big brokers slashed the tyres on its IPO.

[poikka] 06/9/2018 18:28

Mind you, The Times has a thing (negative) about BCA.

Well after that little windfall, she'd better deliver - or continue to.

[poikka] 06/9/2018 18:25

Picked up this:-

"The spotlight will be on chief executive Avril Palmer-Baunack, who has been awarded a bonus of £29m.

Palmer-Baunack had been singled out in a report designed to influence shareholders at the meeting, the Times reported. (Whatever that means...)

Glass Lewis, a shareholder advisory group, declared that the bonus was "exceptionally disproportionate". It is 59 times her salary and is thought to be one of the highest awards made to a British businesswoman. Her basic salary was also raised by 8%, to £525,000, The Mail On Sunday reported.

The bonus arose as part of a £50m shares windfall for a small number of senior directors at BCA Marketplace

[poikka] 06/9/2018 18:14

I guess that nobody here went to the AGM. Looks as if something there wasn't taken too well judging by today's fall, or maybe just that some were hoping for a pleasant surprise - I dunno.

[skyship] 06/9/2018 16:02

Don't understand that last at all. Sure they publish commissioned research; but loads of very useful research nevertheless. Their work on private equity and property companies is excellent...

[trogerswinning] 05/9/2018 15:23

Edison initiated coverage... why on earth are BCA using that bunch of numpties.

They're for spivvy oil explorers and blue-sky stories.

[westofengland] 31/8/2018 11:27

I agree, Skyship. MVIL looking very attractive.

[skyship] 31/8/2018 09:35

Breaks through 240p....has to be right to buy more MVI...

[skyship] 24/8/2018 16:51

Someone still buying these...if they break 240p next week then something surely has to be afoot!

[skyship] 21/8/2018 14:45

BCA shrugging it all off it would seem....making progress to 234p today.

[tiltonboy] 20/8/2018 11:42

SKY,

Looks like I misread the article, and have now edited my post:

Autotrader – has entered into an agreement with Cox Automotive UK to form a JV to provide a “leading digital marketplace for wholesale vehicles in the UK.” It will offer a “comprehensive online auction service.” The business will be called Dealer Auction. JV agreement is conditional upon clearance from the CMA. In effect they are combining 3 existing platforms onto one. Early days

[skyship] 20/8/2018 09:13

Tilts - any idea where the above was mentioned. Was it exleasingcar.com?

[tiltonboy] 16/8/2018 11:51

News on a collaboration that might be a future threat to BCA.

[skyship] 16/8/2018 10:37

Bizarre price movements today - dropped down to an offer price of 215p...now recovering to 225p; still a long way from the 240p earlier this week.

Anyone know why?

[westofengland] 02/8/2018 08:04

A very comprehensive report and a great case for continuing to support this talented team.

[skyship] 01/8/2018 20:48

EDISON initiates coverage:

[skyship] 21/7/2018 14:17

The price movement over the past couple of weeks surely suggests there is something in the wind here. If not a bid from APAX, then more than likely to be one from some other quarter...

A strong case of watch this space.

[189189188] 14/7/2018 07:07

BCA Marketplace PLC
Statement re Withdrawal of Apax
RNS Number : 7894T
BCA Marketplace PLC
06 July 2018

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.



THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION



FOR IMMEDIATE RELEASE



6 July 2018



BCA Marketplace plc

Statement re Withdrawal of Apax



The Board of BCA Marketplace plc ("BCA" or the "Company") notes the announcement by Apax Partners LLP ("Apax") that neither Apax nor any funds advised by Apax intend to make an offer for BCA.



The Board of BCA received two preliminary and conditional indicative proposals from Apax relating to a possible cash offer for the entire share capital of BCA (the "Proposals"). After careful consideration, the Board of BCA concluded that the Proposals undervalued the Company and its attractive prospects. Accordingly, the Board of BCA unanimously rejected the Proposals.



The Board of BCA continues to believe in the attractive long term prospects for the Company, and on 28 June 2018, BCA published its preliminary results for the twelve months ended 1 April 2018, delivering a third consecutive year of strong earnings growth. In the statement, Avril Palmer-Baunack, Executive Chairman said:



"The Group has delivered record commercial and financial results for the third successive year. We saw increased volumes across all divisions, with UK Vehicle Remarketing achieving the landmark of selling over one million vehicles in the year. Adjusted EBITDA increased by 17.6% to £159.5m while adjusted diluted earnings per share has increased to 11.4p, up 25.3% (compared to 9.1p in 2017). Operating profit has increased by £13.3m to £87.6m, an increase of 17.9%, reflecting the growth in adjusted EBITDA offset by non-recurring restructuring costs relating to simplification of management structures.



The strong Group performance reflects our unique position within the Automotive solutions sector. BCA has the infrastructure, the range of digital and physical capabilities, a history of good service and innovation and we are now providing solutions at scale. These capabilities, especially the services within the more recently acquired businesses, have continued to be integrated in order to provide comprehensive customer solutions and the efficiencies that have supported the Group's growth, cash generation and dividend policy.



The new financial year has started well, with performance since the year end in line with our expectations. Across all of our markets there remains significant addressable volume to capture, where our business and consumer solutions can bring efficiency and value to new customers during the time a vehicle changes ownership. We are excited by and committed to the opportunities ahead for BCA."



This announcement is being made by BCA without the agreement or approval of Apax.



Enquiries



Goldman Sachs International

Anthony Gutman / Jose Barreto

Chris Emmerson / Bertie Whitehead



[phone]





Buchanan Communications

David Rydell



[phone]





Square1 Consulting

David Bick



[phone]





Further information



This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise.



The distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.



Goldman Sachs International, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the UK, is acting exclusively for BCA and no one else in connection with the Proposal and any other matter referred to in this announcement and will not be responsible to anyone other than BCA for providing the protections afforded to clients of Goldman Sachs International, or for providing advice in relation to the possible offer or any other matters referred to in this announcement.



The person responsible for arranging the release of this announcement on behalf of BCA is Martin Letza.



Publication on a website



In accordance with Rule 26.1 of the Code, a copy of this announcement will be published on BCA's website (hxxp://www.bcamarketplaceplc.com/investors) by no later than 12 noon on 12 June 2018. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

[poikka] 06/7/2018 08:22

Apax withdraws - excellent news: we get to keep the benefits and not some chancers in the City. BCA would not have benefited one iota from their involvement.

[westofengland] 04/7/2018 14:03

Irrespective of the Apax outcome, BCA looks a great business and its good to see the management continuing to back the company and take it forward.

Results in June were good and it seems like this business will continue to go from strength to strength.

[danieldanj] 24/6/2018 22:51

BCA Marketplace (BCA) Earnings-Reaction to Keep an Eye